XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Stock market: Apple is vulnerable
Trade idea
SELL 178.60; TP 171.00; SL 180.50
There’s a way to bet on the increase in trade tensions between the United States and China that goes beyond the currency market. This way is to sell the stock of Apple Inc. as China is a big market for Apple, and the firm may be one of the main victims if China retaliates against American companies.
As you can see from the chart, its price is in a downfall since the end of April. The decline has erased 50% of gains made earlier this year.
Last week the stock closed below the 100-week MA (179.00). The decline below 50% Fibo at 178.60 will open the way down for a decline towards 170.30 (61.8% Fibo).
Elizabeth Belugina
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Latest news
XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
Stock market: the earnings of Cisco, Nvidia, and Walmart
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
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